When you said GDX could chop out a short, I followed every move
it made. I have a pretty fair line out, and now a fair profit and
look forward to the bounce. If it comes. Thank you$ Lets hope we
get a nice long swoon to make a pile.
I've been a subscriber for a while. When these guys start
talking about GDX in either direction, I listen up.
GDX follow up
Posted by matt on 4th of Oct 2016 at 10:40 am
GDX - Chart Link - gapped down and sold off, I commented last night about the GDX/GLD ratio, said it looked weak as well.
now tagging the 38% Fib
Update: GDX follow up
Posted by matt on 4th of Oct 2016 at 03:11 pm
GDX - Chart Link - GDX sure got sh*# kicked today, closing in on the 200 day MA, down almost 9.4% in one day
And I thought they'd go
Posted by cal1 on 4th of Oct 2016 at 03:43 pm
And I thought they'd go kicking and screaming.
A while back you were
Posted by angelique on 4th of Oct 2016 at 03:20 pm
A while back you were projecting a possible outcome with the wedge- nice outline of the pattern that did emerge over time Matt.
thanks, honestly I think our
Posted by matt on 4th of Oct 2016 at 03:33 pm
thanks, honestly I think our analysis on GDX lately has been about as good as one can get.
1. We called the major top in Aug ahead of time in via that rising wedge.
2. Then we called nice bounce play in early Sept off that doji reversion to mean setup,
3. We noted that symmetry was broken on the sell off from the Aug highs and called for a lower high to form, we got that in Sept
4. We projected a bear pennant a few weeks ago and it's playing out now
GDX
Posted by steve101 on 4th of Oct 2016 at 06:02 pm
Your call was excellent. I sold all my precious metal stock positions, on the morning of Aug 15th, getting out near the highs thanks to your analysis.
When you said GDX could
Posted by cal1 on 4th of Oct 2016 at 03:52 pm
When you said GDX could chop out a short, I followed every move it made. I have a pretty fair line out, and now a fair profit and look forward to the bounce. If it comes. Thank you$ Lets hope we get a nice long swoon to make a pile.
I've been a subscriber for a while. When these guys start talking about GDX in either direction, I listen up.
Agreed, well done! GDX is not an easy sector to call.
Posted by disciple33 on 4th of Oct 2016 at 03:48 pm
very nice! thanks
Posted by morton7 on 4th of Oct 2016 at 10:43 am
very nice! thanks